Absolute Return's regular look at what the five largest American hedge fund firms did during the past quarter: Bridgewater, J.P. Morgan, Och-Ziff, Baupost, BlackRock.
|Ray Dalio |
Bridgewater further established its position as the largest hedge fund firm in the world, swelling to $150 billion under management and 1,400 personnel.
While many media reports noted flagship hedge fund's first half loss (Pure Alpha II fell 1.22% through June), the macro shop has rebounded in July. The fund is now up 2.3% net of fees through July 15, according to a person familiar with the returns. It's also up 5% in the past 12 months and has produced